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Swiss electric sensors manufacturer invests in Sri Lanka
Contrinex is a global manufacturer of inductive and photoelectric sensors, RFID systems and safety light curtains. The company is a technology leader in the field of intelligent sensing and identification solutions for factory automation, including the harshest operating conditions and most extreme space limitations. INTERVIEW OF MRS ANNETTE HEIMLICHER, CEO CONTRINEX AG By Dilip S […]
Graduates and Undergraduates throng to Rajarata University seeking jobs
Over 2000 graduates and final year undergraduates throng to the Rajarata University on Thursday (10th September) to take part in the Careerlead career and entrepreneurship fair, which was organized by the Young Members Forum of the Ceylon Chamber of Commerce.The two day event, which is conducted in collaboration with the career guidance unit of the […]
SriLankan Airlines appoints new CEO
Sep 10, 2015 (LBO) – SriLankan Airlines has appointed Captain Suren Ratwatte as the new chief executive officer of the airline with effect from October 2015.The airline said in a statement that Captain Ratwatte is an airline pilot with over 30 years of experience in the field whose first appointment was with SriLankan’s predecessor, Air […]
IMF has not made budget proposals: Finance Minister
Sep 10, 2015 (LBO) – Sri Lanka’s Finance Minister Ravi Karunanayake said that no budget proposals have been made by the visiting mission from the International Monetary Fund who met him on September 09 ahead of the budget in November.“IMF comes on a normal routine but we have very clearly told them that we will […]
Sri Lanka stocks close down 0.3-pct; Asian markets lower
Sep 10, 2015 (LBO) – Sri Lankan stocks closed down 0.32 percent on Thursday following losses in regional markets with telecom and beverage sector stocks showing losses, brokers said. The Colombo benchmark All Share Price Index closed down 23.31 points at 7,159.94 lower 0.32 percent. S&P SL20 closed 12.83 points lower at 3,924.25 down […]
Opinion: Unleashing the potential of the economy
Sept 10, 2015 (LBO) – With the installation of a new government comes hope of ways to unleash the creativity and potential of this beautiful island. With that in mind, this column will re-visit ideas, often discussed – depending on which circles you move in – about how this can be done. Here’s the first […]
Sri Lanka falls on Open Budget Index 2015, says Verité
Sep 10, 2015 (LBO) – Sri Lanka has ranked among countries in the world that provides the public with minimal budget information, a new survey showed.International Budget Partnership released its latest survey which measures the state of budget transparency, participation, and oversight in 100 countries around the world. The Open Budget Index measures the level […]
‘s stock crash a direct result of authoritarian policies: Razeen Sally
Sept 10, 2015 (LBO) – China’s stock bubble and subsequent crash that sent shockwaves across the global economy is the direct result of authoritarian policies, Razeen Sally from the National University of Singapore told Lanka Business Online.“The stock bubble is the direct result of government policies because the state-run financial system has few other profitable […]
Youth unemployment can be addressed through technical training: Susil
Sep 10, 2015 (LBO) – Sri Lanka can overcome its youth unemployment issue by developing technical education, the newly appointed minister for technology says.“Although unemployment as a whole is six percent, in the age group between 18 – 30 it is over 20 percent,” Susil Premajayantha, the new minister of technology, technical education and employment […]
‘s help to study Blue Mormon butterfly
Sept 10, 2015 (LBO) – India’s Forest Minister Sudhir Mungantiwar has sought Sri Lanka’s help to study the newly declared state butterfly of Maharashtra, the Blue Mormon, as they do not have sufficient information about it, he said. He had made this request to Sri Lanka’s Consul General to Mumbai, Saroja Sirisena, during a recent […]